Family Bank has reported a net profit of Sh3.6 billion for the nine-month period ended September 30, 2025, a growth of 56 per cent driven by strong growth in net interest income.
The bank reported a net profit of Sh2.3 billion during the same period last year.
The lender’s net interest income grew 43 per cent to Sh10.95 billion as the bank grew the interest income it earned from government securities by 43% to Sh5.6 billion.
The bank increased its stock of government securities by 47 per cent to Sh70.6 billion compared to Sh48.06 it reported in September last year.
Interest from loans was up by 12% to Sh11.9 billion as the bank lent more to its customers with net loans and advances rising by Sh9.5 billion to hit Sh107.4 billion as of September 30, 2025.
The bank’s non-interest income, which includes fees and commissions, foreign exchange earnings and other incomes, jumped 14 per cent to Sh3.8 billion.
Other income more than doubled to Sh1.57 billion from Sh765 million reported during the same period last year
Family Bank set aside Sh1.36 billion to cover any potential loan losses, a jump of 132 per cent compared to the Sh588 million it provided for during the same period last year.
Non performing loans increased by 9 per cent to Sh15.6 billion.
In October, the bank’s shareholders, during an EGM, approved plans to list the bank’s shares on the Nairobi Securities Exchange by way of introduction.
Listing by introduction is a process where a company's existing shares are admitted to a stock exchange for trading without a public offering or raising new capital.
Family Bank has been in the market raising funds through a private placement, with results set to be announced after completion of regulatory reporting. A private placement is a method of raising capital by selling securities to a select group of investors instead of a public offering.
